FPI outflows have nothing to do with their belief in India growth story: Neelkanth Mishra
A institutional flows development with market-wide reach.
· Business Today Mkts
Neelkanth Mishra, Executive Director of World Bank and UIDAI Chairman, said US bond and mortgage yields are high, commensurate return on riskier assets from EMs needs to be much higher.
The analysis
This is an Index / institutional flows event. Passive and institutional flows move price independently of fundamentals, and around rebalancing dates they dominate it.
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